State Expected To Partially Fund MLS Stadium Near Philly

State Of Pennsylvania Expected To Partially Fund MLS Stadium Near Philadelphia

The state of Pennsylvania is “poised to announce an agreement to kick in $45[M] to partially fund construction” of an MLS stadium in Chester, according to Rose & SanFilippo of the DELAWARE COUNTY TIMES. A “formal announcement of a letter of intent" from the state is scheduled for tomorrow. State talks with a private investment group to begin construction this year on the $115M stadium have been “ongoing for months, and have been closely monitored by MLS officials.” Delaware Co. and the city of Chester have committed a combined $30M for the stadium, with the county paying about $24M and the city about $6M. The $45M now expected to come from the state would leave $80M to "come from the investors" for the total $155M price tag, which includes a $30M expansion fee and $10M for operating costs. Buccini/Pollin Group, part of the potential investment group, is “expected to use the stadium deal to spur an additional $400[M] development of residential, entertainment and commercial property next-door” to the facility (DELAWARE COUNTY TIMES, 1/30).

ST. LOUIS: The Collinsville (IL) City Council voted 4-1 Monday to approve a tax increment financing plan to help fund a mixed-use development project that would include a 18,500-seat stadium for an expansion MLS team in St. Louis (St. Louis Soccer United).